JM Smucker (SJM) Gets a Buy Rating from Jefferies

By Carrie Williams

In a report released today, Akshay Jagdale from Jefferies maintained a Buy rating on JM Smucker (SJMResearch Report), with a price target of $125. The company’s shares closed yesterday at $101.48.

Jagdale commented:

“We are updating our model to reflect 2Q results. Recall 2Q results missed expectations and the FY19 guidance was lowered (from an already lowered base). Although we have lower conviction in our positive thesis, we are maintaining our Buy rating as we believe the depressed valuation discounts most of our concerns and that some of the issues driving the negative earnings revisions are transitory.”

According to, Jagdale is a 3-star analyst with an average return of 0.9% and a 47.3% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, Conagra Brands Inc, and J & J Snack Foods.

JM Smucker has an analyst consensus of Moderate Buy, with a price target consensus of $112.60.

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Based on JM Smucker’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $188 million. In comparison, last year the company had a net profit of $194 million.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SJM in relation to earlier this year.

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The J. M. Smucker Co. engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home.